Ross Stores Raises FY24 EPS Outlook From $5.79 - $5.98 To $6.00 - $6.13, Est $6.01; Continue To Maintain Cautious Approach To Forecasting Its Sales
Portfolio Pulse from Benzinga Newsdesk
Ross Stores has raised its FY24 EPS outlook to $6.00 - $6.13, up from $5.79 - $5.98, despite maintaining a cautious sales forecast due to high costs affecting customers' discretionary spending and challenging sales comparisons.
August 22, 2024 | 8:10 pm
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Ross Stores has increased its FY24 EPS guidance, indicating confidence in its earnings potential despite a cautious sales outlook due to economic pressures on its customer base.
The increase in EPS guidance suggests that Ross Stores expects better profitability, which is a positive signal for investors. However, the cautious sales outlook due to economic pressures on customers may temper expectations.
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